Unreg purchase
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 November 2012
we are food processing firm regitsered under VAT .we intent to procure food stuff from karnataka ,from an unregistered dealer after a procees of that food stuff we are planning to send kerala , note that after processing this attract tax liability . I want to know how we can transport this food stuff legaly or according to interstate law
Read more at: https://www.caclubindia.com/experts/modify_message.asp?entry_id=563868
Read more at: https://www.caclubindia.com/experts/modify_message.asp?entry_id=563868
CA. Hari Kishan
(Expert)
26 November 2012
Should you purchase food stuff from unregistered dealer, firstly examine whether these are exempted or taxable under the KVAT. Should it be taxable you shall require to pay applicable tax on purchase and claim credit on sale.
On processing of food stuff which gives rise to taxable goods, you are required to charge CST @ 2% for sale against C form and at regular VAT rates for CST sales without C form. E sugam form may be prepared and issued for movement of goods from Karnataka to Kerala.
On processing of food stuff which gives rise to taxable goods, you are required to charge CST @ 2% for sale against C form and at regular VAT rates for CST sales without C form. E sugam form may be prepared and issued for movement of goods from Karnataka to Kerala.
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